CBRE looks to fill industrial gap

CB Richard Ellis has started seeking replacements for Howard George and Tom Davis, the senior industrial agents who resigned recently, according to the UK managing director.

George and Davis's agency, DGI Davis George, was acquired in 2007 to boost CBRE's industrial offering in the region. The pair resigned following the expiry of a three-year tie-in period and are due to leave in the coming months.

Martin Samworth, speaking at the official opening of the new CBRE office in Belvedere on Booth Street in central Manchester last night, said: "We are looking to maintain our capability in the North West either through hiring or acquisition.

"People do leave from time to time as in any business but our approach when it happens is to try and put us in a better position than we were in before those people left."

Samworth said the process of finding replacements had started but gave no hint as to the identities of agents or firms being targeted.

CBRE has a track record of growth through acquisition of niche agencies, buying London-based industrial agency Holley Blake in 2006 for £10m, retail specialist Dalgleish, as well as, closer to home, Irving Rice in Liverpool and DGI Davis George.

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By Stuart Morley